American National Bank lifted its holdings in United Rentals, Inc. (NYSE:URI) by 2.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,341 shares of the construction company’s stock after acquiring an additional 467 shares during the quarter. American National Bank’s holdings in United Rentals were worth $2,210,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in URI. Doyle Wealth Management acquired a new position in shares of United Rentals in the 4th quarter worth approximately $28,000. CSat Investment Advisory L.P. boosted its holdings in shares of United Rentals by 160.7% in the 4th quarter. CSat Investment Advisory L.P. now owns 279 shares of the construction company’s stock worth $29,000 after acquiring an additional 172 shares in the last quarter. Rational Advisors LLC boosted its holdings in shares of United Rentals by 9,100.0% in the 4th quarter. Rational Advisors LLC now owns 368 shares of the construction company’s stock worth $38,000 after acquiring an additional 364 shares in the last quarter. Executive Wealth Management LLC acquired a new position in shares of United Rentals in the 4th quarter worth approximately $42,000. Finally, Paradigm Asset Management Co. LLC acquired a new position in shares of United Rentals in the 3rd quarter worth approximately $49,000. 87.51% of the stock is currently owned by institutional investors and hedge funds.
URI stock opened at $126.74 on Monday. The company has a debt-to-equity ratio of 3.19, a current ratio of 0.83 and a quick ratio of 0.78. United Rentals, Inc. has a fifty-two week low of $94.28 and a fifty-two week high of $181.66. The company has a market capitalization of $9.99 billion, a P/E ratio of 7.79, a P/E/G ratio of 0.36 and a beta of 2.49.
United Rentals (NYSE:URI) last posted its quarterly earnings data on Wednesday, January 23rd. The construction company reported $4.85 earnings per share for the quarter, topping the consensus estimate of $4.77 by $0.08. The firm had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.22 billion. United Rentals had a net margin of 13.62% and a return on equity of 41.91%. United Rentals’s revenue was up 20.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.34 EPS. As a group, sell-side analysts forecast that United Rentals, Inc. will post 19.31 EPS for the current fiscal year.
In other United Rentals news, EVP Dale A. Asplund sold 11,245 shares of the company’s stock in a transaction on Monday, January 28th. The shares were sold at an average price of $125.00, for a total transaction of $1,405,625.00. Following the completion of the sale, the executive vice president now owns 13,010 shares in the company, valued at approximately $1,626,250. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Shiv Singh bought 390 shares of the company’s stock in a transaction on Monday, January 28th. The shares were acquired at an average price of $124.72 per share, with a total value of $48,640.80. Following the transaction, the director now directly owns 2,803 shares in the company, valued at approximately $349,590.16. The disclosure for this purchase can be found here. Insiders have sold a total of 64,347 shares of company stock valued at $8,276,837 in the last quarter. Corporate insiders own 1.00% of the company’s stock.
Several research analysts have recently commented on URI shares. Zacks Investment Research downgraded United Rentals from a “buy” rating to a “hold” rating in a report on Friday, January 11th. Standpoint Research downgraded United Rentals from a “buy” rating to a “hold” rating in a report on Tuesday, February 19th. Finally, OTR Global downgraded United Rentals to a “positive” rating in a report on Monday, April 1st. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $155.36.
United Rentals Company Profile
United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals; and Trench, Power and Fluid Solutions. The General Rentals segment rents general construction and industrial equipment, including backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom lifts and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools.
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